wallets Archives | Be Korea-savvy

Wallets Disappearing with Digitalization of ID Cards and Cash

SEOUL, Aug. 5 (Korea Bizwire) — Fewer people are using wallets. Once a popular gift to celebrate birthdays, employment, and others, wallets are increasingly becoming a non-essential item. The reason is simple. Cash, cards, coupons, photos, memos, business cards, identification cards and other items that wallets used to carry are being digitalized. Identification cards, one [...]

Smartphones are the New Wallets

SEOUL, Dec.9 (Korea Bizwire) – Koreans’ wallets are changing as the number of people using convenient mobile payment applications increases, and smartphone cases that also function as wallets are becoming popular. After investigating wallet sales over the past five years, the online shopping site GMarket (www.gmarket.co.kr) announced that sales of card wallets and money clips [...]